FundGuard builds a cloud-native investment accounting and fund administration platform for asset managers, asset owners, custodian banks, and fund administrators. Three veterans of Israel's 8200 intelligence unit, Lior Yogev, Yaniv Zecharya, and Uri Katz, founded the company in 2018 after Yogev's time as a technology investment banker at Goldman Sachs.
Rather than adding AI on top of a legacy accounting system, FundGuard rebuilt the investment book of record (IBOR) and fund accounting stack as a multi-tenant cloud platform from the ground up, so mutual funds, ETFs, hedge funds, insurance products, and pension funds all run on one data model. That architecture is what let strategic investors Citi and State Street, both operators of large asset-servicing businesses themselves, back the company alongside venture firms like Blumberg Capital.
FundGuard is built for large asset managers, custodian banks, and fund administrators migrating off mainframe-era accounting systems, not smaller investment shops. Pricing is not published and is negotiated per engagement based on assets under administration and modules deployed; the company has raised more than $150 million, including a $100 million Series C.
